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Jan 16, 2013
01/13
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let me ask you about tax reform. you told politico last week that a, quote, a balanced approach to replacing the sequester with spending cuts and revenue should accelerate tax reform, and i believe it's fully possible this year if we work on a bipartisan basis, unquote. how does that square, sir, with the people who say that tax reform is going to lose out because of scheduling, the need to deal with the debt ceiling, the need to deal with the looming she quester and the house republicans' concern that if they do anything on tax reform, that they may leave themselves up to the senate not to take action, and, therefore, they've taken an unpopular vote for no reason. why are you optimistic on tax reform? >> first of all, we have to resolve this debt can crisis in terms of -- this debt crisis in terms of sequestration and in terms of the full faith and credit of the u.s. in the next six weeks. we aren't going to accomplish tax reform in the next six weeks. so we have a deadline that i think cannot basically be moved for
let me ask you about tax reform. you told politico last week that a, quote, a balanced approach to replacing the sequester with spending cuts and revenue should accelerate tax reform, and i believe it's fully possible this year if we work on a bipartisan basis, unquote. how does that square, sir, with the people who say that tax reform is going to lose out because of scheduling, the need to deal with the debt ceiling, the need to deal with the looming she quester and the house republicans'...
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Jan 15, 2013
01/13
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let me ask you about tax reform. he told "politico" last week that a balanced approach are facing sequester with spending cuts and revenue should accelerate tax reform and i believe it's fully possible this year for work on a bipartisan basis, unquote. how does that square with the people who say tax reform is going to lose out because of scheduling and it's asinine anemones sequestering house republicans concern that if they do anything on tax reform that they may leave themselves open to the senate not taking action and therefore have taken an unpopular vote for no reason. why are you optimistic on tax reform? >> first of all, we have to resolve this debt crisis in terms of sequestration in the full faith and credit of the u.s. in the next six weeks. we are going to accomplish tax reform in the next six weeks. so we have a deadline but i think cannot be simply be moved for what we need to do in the next six weeks. and so, that will leave us adequate time to tackle longer range problems. we are not going to accompli
let me ask you about tax reform. he told "politico" last week that a balanced approach are facing sequester with spending cuts and revenue should accelerate tax reform and i believe it's fully possible this year for work on a bipartisan basis, unquote. how does that square with the people who say tax reform is going to lose out because of scheduling and it's asinine anemones sequestering house republicans concern that if they do anything on tax reform that they may leave themselves...
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Jan 15, 2013
01/13
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tax system. we know what the answers are. we'll fight about the specifics of all of them and how fixing the problem would look like, but we don't know at what point the political system is willing to make all the choices, which are difficult, compromise on both sides, and sort of put the issue to rest so that we can go back to fighting about all the other things we're going to fight about. i think the fact you can see what the policy solutions are and we're past the era of pretending it doesn't matter, but everybody recognizes the threat it puts out there. you can't possibly imagine real growth coming without a sense of stability without knowing what the changes will be so you can have planning, investments, job creation, all the necessary pieces of moving the economy forward. you know, the big wild card is when people are willing to make the tough choices instead of using them to fight in the normal political boxes. what do i think is going to happen next? it's already off on a different path th
tax system. we know what the answers are. we'll fight about the specifics of all of them and how fixing the problem would look like, but we don't know at what point the political system is willing to make all the choices, which are difficult, compromise on both sides, and sort of put the issue to rest so that we can go back to fighting about all the other things we're going to fight about. i think the fact you can see what the policy solutions are and we're past the era of pretending it doesn't...
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Jan 18, 2013
01/13
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administration of greece to collect tax revenue and to fight tax evasion. i forgot to mention the privatization program which is also necessary, but which is also, you know, delivery not for greece. >> thank you. gentlemen just here in the third row. right here. no -- thank you. >> thank you. what -- >> identify yourself. >> [inaudible] what is your insight on the chinese economy in terms of opportunities and the changes, and secondly, what goals are on top of your agenda that you want to achieve in the new year? thank you. >> yes, global growth is not just on the top of my agenda, but it's on the top of the agenda of anybody who cares about the economy and who cares about jobs and who cares about, you know, rebalancing and consolidating. it's clearly very conducive factor underlying element for all of what we want -- jobs, fiscal consolidation, rebalancing. it makes it a lot easier when you have growth. turning to china, i would certainly, number one, observe that there is continued significant and substantial growth expected out of china. i would observe
administration of greece to collect tax revenue and to fight tax evasion. i forgot to mention the privatization program which is also necessary, but which is also, you know, delivery not for greece. >> thank you. gentlemen just here in the third row. right here. no -- thank you. >> thank you. what -- >> identify yourself. >> [inaudible] what is your insight on the chinese economy in terms of opportunities and the changes, and secondly, what goals are on top of your...
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Jan 22, 2013
01/13
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the president got his taxes. with revenue off the table, the debate shifts to where it needs to be and should have been in the first place, and that is addressing spending reductions. just last week, fitch ratings warned that america's aaa credit rating is at risk if the congress and the president increase the debt limit but fail to enact a credible medium-term deficit reduction plan. and we can expect to see more headlines like this if we do not come together and we do not take action to deal with our country's debt obligations. in the coming days and weeks, i will be speaking in this chamber and outlining what i believe are rational steps that we need to take to get our fiscal house in order. the easy thing to do, the way congress has operated over these past two years of my service here, is to look at my fiscal situation and say well, we have more time or we can deal with this after the next election. and while i thought that was exactly the wrong tactic to take, that's what happened and there was a series of
the president got his taxes. with revenue off the table, the debate shifts to where it needs to be and should have been in the first place, and that is addressing spending reductions. just last week, fitch ratings warned that america's aaa credit rating is at risk if the congress and the president increase the debt limit but fail to enact a credible medium-term deficit reduction plan. and we can expect to see more headlines like this if we do not come together and we do not take action to deal...
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Jan 17, 2013
01/13
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and some say back taxes. and that they will learn english. many of them already have, and many of them are already paying taxes but not getting any credit for it. we can't run our economy without them. send those 11 million people home if you could ever find them, and it would be ugly. and so i suggest we're not going to round 'em up and deport them, nor should we. we have this debate, so let's not forget one fundamental issue, and that is who we are or what this nation was built upon. the dreams and the hard work of those who came here seeking a better life. the bottom line on immigration is that the status quo on immigration in our country is a fundamental loser. i'm optimistic that this time we have an excellent shot at getting immigration reform done. it is essential to our economy, our country and our way of life. now, we're very proud to be working with the partners on this stage, and we will work with others as well, and we will make passage of immigration reform legislation one of our top priorities t
and some say back taxes. and that they will learn english. many of them already have, and many of them are already paying taxes but not getting any credit for it. we can't run our economy without them. send those 11 million people home if you could ever find them, and it would be ugly. and so i suggest we're not going to round 'em up and deport them, nor should we. we have this debate, so let's not forget one fundamental issue, and that is who we are or what this nation was built upon. the...
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Jan 15, 2013
01/13
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tax bill. and, because there's so much of the lessons is, so much to complain about. the business roundtable has been out there leading the charge in single, this is crazy. our corporate tax rate is now the highest in the world. putting us in a pretty bad position. so, you know, again, i almost never say this, but this does come down to leadership, and this does come down to three people. the president, somebody innocent, and somebody in the house. been willing to put aside all the special interests, lock the lobbyists out of the room, and come up with a tax bill. people know what should be in it, right? we know that there's a lot of justice done -- a lot of injustice done in the tax bill. but it does take that kind of moment to happen. it did happen once before in our lifetimes, and maybe it will happen again. and hoping maybe even this year or next year spend your optimistic? >> i actually am, only because in what happened in the discussion about the deficit is that it opened up a discussion
tax bill. and, because there's so much of the lessons is, so much to complain about. the business roundtable has been out there leading the charge in single, this is crazy. our corporate tax rate is now the highest in the world. putting us in a pretty bad position. so, you know, again, i almost never say this, but this does come down to leadership, and this does come down to three people. the president, somebody innocent, and somebody in the house. been willing to put aside all the special...